In Livepeer, anyone can join the network and become what’s known as an orchestrator by running software that allows you to contribute your computer’s resources (CPU, GPU, and bandwidth) in service of transcoding and distributing video for paying broadcasters and developers. For doing so, you earn fees in the form of a cryptocurrency like ETH or a stablecoin pegged to the US dollar like DAI.
Blockdaemon is the Total Node Management Solution
Blockdaemon guarantees peace of mind, as you never have to worry about maintaining or upgrading your nodes ever again — we look after all of that for you. Our finger is constantly on the pulse of each blockchain we support to ensure all of our nodes remain perfectly healthy. Our extensive experience across protocols lets us expertly monitor, repair and replace nodes where protocol level errors may occur. For any protocol updates needed, we look after these in advance so you never see any disruption in service.
Enterprise Level Security
Security is our top priority here at Blockdaemon. All nodes purchased through us are 100% customer dedicated. This means your node is yours exclusively. You’ll enjoy a dedicated node which has a unique address, its own unique connection and authentication key. Furthermore, these are never reused. We ensure your node is not open and exposed to anyone on the internet. Any nodes you’d like to add on additionally can be done so quickly and easily as well!
A Trusted Partner
Blockdaemon is by your side on your blockchain journey. We are the only infrastructure platform for blockchain nodes which offer multi-cloud and multi-geographical support, with just a few clicks. Want custom configurations and branded experiences? No problem, we provide a unified, whole-org, collaborative rollout to manage a complete network. Whatever your needs, we will work closely with you to deliver the solution you need.
The capacity on Livepeer's network represents access to 70,000+ GPUs, or enough to encode all the real time video streaming through Twitch, Facebook, and Youtube combined.
The purpose of the Livepeer token (LPT) is to coordinate, bootstrap, and incentivize participants to make sure the Livepeer network is as cheap, effective, secure, reliable and useful as possible. In the Livepeer protocol, LPT is required to perform the work of transcoding and distributing video on the network. The more LPT you own, the more work you're able to perform on the network in exchange for fees. As the network's usage grows, so does the demand for orchestrators and thus LPT.
Livepeer is founded on the basis that open collaboration and incentives are key. According to Livepeer’s founder statement, “Through the power of open source software, combined with the harnessing of underutilized resources like compute and bandwidth, combined with the use of cryptoeconomic incentives for bootstrapping and participation, there is an opportunity to deliver an infrastructure that can power video streaming applications at a highly efficient price, and infinite scale.”
The Blockdaemon team has unique depth and experience working with video transcoding infrastructure. Our team's experience in this specialized field gives us additional insight into how to provision and manage Livepeer nodes.
Frequently Asked Questions
The Livepeer Token (LPT) is a staking token that participants who want to perform work on the network stake in order to coordinate how work gets distributed on the network, and to provide security that the work will get done honestly and correctly. It serves as a bonding mechanism in a delegated proof of stake system, in which stake is delegated towards transcoders (or validators) who participate in the protocol to transcode video and validate work. The token, and potential slashing that occurs due to protocol violation, is necessary in order to secure the network against a number of attacks.
Delegators are Livepeer tokenholders who participate in the network by staking their tokens to orchestrators who they believe are doing good and honest work. You can think about staking like putting a deposit down. When you stake, your tokens become locked up for a period of time and then you can take them back or stake them to a different Orchestrator. Doing this helps ensure that the network is more secure. When a broadcaster pays fees into the network, both orchestrators and Delegators earn a portion of those fees as a reward for ensuring a high-quality and secure network.
Eager to get started? Connect with Our Sales Team
Send us a message and one of our team members will be in touch with you shortly.